Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
The company sold another 1,690 BTC to fund preferred-stock buybacks while its USD reserve climbed to a record $4.65 billion.
AVAT’s stock needs to more than triple to clear the $1 bid-price test, while a separate $35 million market-value hurdle remains.
US crypto ETFs pulled in more than $1 billion, with IBIT and ETHA absorbing roughly $896 million combined.
Bitcoin’s institutional bear market is unfolding through ETF redemptions and treasury-company sales.
Spot Bitcoin funds are heading for their best week since April while whales add more than $1.2 billion, even as derivatives traders refuse to chase the rally.
Its new SEC-registered broker-dealer can pursue roles currently occupied by traditional market makers such as Jane Street.
An amended legacy debenture excludes AVAX from the liquidity calculation after the company’s CEO transition.
The company is targeting up to $350 million in sales, but lending, digital assets and portfolio companies are expected to carry the forecast.
The 16-year agreement could transform its business, provided a $500 million build stays on schedule.
